Claims that Muslims don’t have to pay stamp duty are misleading. Rules were changed in 2003 to mean it’s only paid once with sharia-compliant house-buying products instead of twice.
: “It's possible to borrow more against your home or property to pay your stamp duty. Your conveyancer would then use this money to make the stamp duty payment for you.”
“Sharia law replaces your family or friend with a bank, and the British government recognises this as acceptable.He told us: “With a traditional bank financing model a borrower takes title to their home whilst granting security to the bank, for the monies lent. In this case there is clearly an intention to acquire the property to live in it, whilst the bank provides the financing. The borrower pays [stamp duty] at the time of acquisition.
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